Which of the following is referred to as a multilateral trading system?
A) WTO
B) EU
C) NAFTA
D) ASEAN

Question

Which of the following is referred to as a multilateral trading system? 
A) WTO 
B) EU 
C) NAFTA 
D) ASEAN

Quizplus · Accepted Answer

The multilateral trading system refers to the global framework of trade laws and regulations that govern international trade among member countries. The World Trade Organization (WTO) is the primary organization responsible for the oversight and implementation of the multilateral trading system, making it the best choice for this question. The EU, NAFTA, and ASEAN are regional trade agreements that promote economic integration within specific regions but do not represent the global system in the same way as the WTO.

Which of the Following Is Referred to as a Multilateral